Section 44AD of the Income Tax Act, 1961 – Section 44AD, a scheme launched for the benefit of small businesses, wherein the assesses which are eligible for the scheme do not have to maintain books of accounts and file returns … Continued
Section 44AD Read more here Section 44ADA Read more here Section 44AE Read more here
Is GST applicable in case of an employer-employee relationship? Summary – No. GST is not applicable on salary received from employer. Only a small number of activities are excluded from the scope of GST. And yes, Salary (i.e services … Continued